Hot Pursuit     27-Jun-23
City Union Bank board to raise Rs 500 cr via QIP
City Union Bank informed that its board has approved the agenda for raising further capital through qualified institutional placement (QIP) route upto Rs 500 crore.
The issuance is subject to approval of shareholders.

City Union Bank offers a wide range of banking and financial services across India, including both domestic and International banking services. It is a private sector bank with 752 branches across 16 states and three Union territories.

The private sector bank's net profit rose 4.3% to Rs 218.04 crore on 13.6% increase in total income to Rs 1,423.09 crore in Q4 FY23 over Q4 FY22.

The scrip rose 0.70% to Rs 123.10 on the BSE.

Previous News
  City Union Bank standalone net profit rises 4.35% in the March 2023 quarter
 ( Results - Announcements 26-May-23   18:22 )
  City Union Bank Ltd soars 1.33%
 ( Hot Pursuit - 20-Aug-24   13:05 )
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 ( Corporate News - 27-Jun-23   17:31 )
  City Union Bank standalone net profit rises 30.15% in the June 2022 quarter
 ( Results - Announcements 08-Aug-22   17:48 )
  City Union Bank allots 32,325 equity shares under ESOS
 ( Corporate News - 27-Feb-24   13:45 )
  City Union Bank Ltd gains for third consecutive session
 ( Hot Pursuit - 01-Jan-24   13:05 )
  City Union Bank Ltd soars 0.6%, up for fifth straight session
 ( Hot Pursuit - 07-Jul-22   13:00 )
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 ( Corporate News - 16-Oct-23   14:36 )
  City Union Bank appoints Kalyanaraman M as chief risk officer
 ( Hot Pursuit - 08-Mar-23   12:07 )
  City Union Bank Ltd drops for fifth straight session
 ( Hot Pursuit - 30-Jan-23   13:35 )
  City Union Bank Ltd soars 0.28%, up for fifth straight session
 ( Hot Pursuit - 06-Dec-22   13:00 )
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